NF - FAIR- 0% - 40% with generally smooth finish, may have mild cleaning yet not deeply pitted, but well worn, replacement of minor parts may need mechanical adjustments, may have rust and may have corrosion pits which do not render article unsafe or inoperable. In working condition. Wood condition commensurable with percent of finish with dings and dents associated with 0% - 40% gun.

Dated "7.5" (May 1932). With a matching numbered magazine.

NE - GOOD- in working condition, wear on working surfaces, finish 40% - 79%, no broken parts, no corrosion or pitting that will interfere with proper functioning, but may have some minor surface pitting. Wood condition commensurable with percent of finish with dings and dents associated with 40% - 79% gun.

Dated "12.6" (June 1937).